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www.leadingedgetrading.com trading review


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www.leadingedgetrading.com trading review

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  #1 (permalink)
 JS12 
NY
 
Experience: Intermediate
Platform: Ninja
Trading: ES, 6E
 
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Hi guys,

Came across this site www.leadingedgetrading.com.

They give you a one week trial for free and then the room is $300 per month. I have heard that the guy running the room is really good and the signals are pretty accurate, so I called them up.

They won't tell me where they are located (all they have is an 800 number), they won't tell me the head trader's name, and when I asked them how much the training is (after the $300 room) they said it is VERY EXPENSIVE, but wouldn't tell me the price. All they said was that after I am in the room for a while, I will be begging the guy for the training. They said that I need to be in the room for about 6 months, and if the head trader decides to select me, then I would have to pay this VERY EXPENSIVE price for this training. The head trader does not select everyone apparently.

I tried to find info on this company but I can't. The girl on the phone said that the company recently had a "face lift" but she wouldn't tell me the company's old name or any info about the company. She said they want everything to be anonymous and because the info they give out is so accurate, they don't want people knowing who they are.

I also found an add they have posted on Craigslist, which is very weird. The whole operation sounds really shady, but the one thing that is crazy, is that the guys calls in the room do seem very accurate (although a bit hard to follow), and he really seems like he knows what he is doing.

I don't know what to think at this point, but I just don't feel comfortable doing business with them with this whole anonymous thing.

Any thoughts guys? Experiences with them?

Thanks.

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  #3 (permalink)
 Ryanb 
Netherlands
 
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all i can say is that premium products are marketed the same way:

High price, and some other things that make the customer feel special.

it would surprise me if this is the real deal.

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  #4 (permalink)
 Rayzor 
Coloado
 
Experience: Beginner
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Sounds a little hinkey. I won't enter into ANY business relationship unless I am comfortable with it. Just my opinion

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  #5 (permalink)
 Linds 
Victoria, Australia
 
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run!

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  #6 (permalink)
 famed 
Jeddah
 
Experience: Intermediate
Platform: NinjaTrader
Broker: GFETC/ESignal
Trading: ES
 
Posts: 14 since Nov 2009
Thanks: 54 given, 18 received

I am in the room and the calls and numbers are amazing! I used to be a monthly subscriber (2+ years) then they closed the monthly room and would only take people who wanted to be trained, which is indeed very expensive. I waited for a few years for the monthly room to be reopened and tried to make it on my own during that time but failed miserably. Seeing that I couldn't make it on my own I decided to go for the training and it has been worth it and more. They recently opened up the monthly room again and there's a free trial to that room...I say go for the free trial and see for yourself, there's nothing to lose!

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  #7 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
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Trading: ES, TF
 
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OK can you tell us how much the training is?

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  #8 (permalink)
 famed 
Jeddah
 
Experience: Intermediate
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Broker: GFETC/ESignal
Trading: ES
 
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booker777 View Post
OK can you tell us how much the training is?

I don't think I'm allowed to. Even I didn't know till I was in the room for 6+ months. But if you are in the monthly room for some time and do what you are supposed to do then you may well have enough to cover the cost of training.

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  #9 (permalink)
 JS12 
NY
 
Experience: Intermediate
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famed View Post
I don't think I'm allowed to. Even I didn't know till I was in the room for 6+ months. But if you are in the monthly room for some time and do what you are supposed to do then you may well have enough to cover the cost of training.



Hmmmmmm....


What do you guys think?

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  #10 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
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JS12 View Post
Hmmmmmm....


What do you guys think?

I think it's hilariously funny for the folks who can afford it, to waste their time and money on such foolishness. And I think it's sad and unfortunate for the folks who can't afford it - but choose to waste their time and money anyway.

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  #11 (permalink)
 JS12 
NY
 
Experience: Intermediate
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Trading: ES, 6E
 
Posts: 63 since Dec 2010
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timefreedom View Post
I think it's hilariously funny for the folks who can afford it, to waste their time and money on such foolishness. And I think it's sad and unfortunate for the folks who can't afford it - but choose to waste their time and money anyway.


I tend to agree with this.



Besides @ Famed, how are you supposed to send them the money for the training? Is there a contract drawn up?

If they want to remain anonymous, how can you do business with them?

What if they vanish from the planet after getting your money?


This whole thing just sounds fishy to me.

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  #12 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
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Trading: Oil
 
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famed View Post
I am in the room and the calls and numbers are amazing! I used to be a monthly subscriber (2+ years) then they closed the monthly room and would only take people who wanted to be trained, which is indeed very expensive. I waited for a few years for the monthly room to be reopened and tried to make it on my own during that time but failed miserably. Seeing that I couldn't make it on my own I decided to go for the training and it has been worth it and more. They recently opened up the monthly room again and there's a free trial to that room...I say go for the free trial and see for yourself, there's nothing to lose!

Do you think that the training is applicable to trading other markets?

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  #13 (permalink)
 JS12 
NY
 
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mbhsi View Post
Do you think that the training is applicable to trading other markets?



From my phone call with them they said that it can be traded on any market and on any time frame without any indicators at all.

But I would worry about it being real first, before I would worry about it working on other markets.

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  #14 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
Platform: NinjaTrader
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Thanks JS12. Sound counsel

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  #15 (permalink)
 famed 
Jeddah
 
Experience: Intermediate
Platform: NinjaTrader
Broker: GFETC/ESignal
Trading: ES
 
Posts: 14 since Nov 2009
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JS12 View Post
I tend to agree with this.



Besides @ Famed, how are you supposed to send them the money for the training? Is there a contract drawn up?

If they want to remain anonymous, how can you do business with them?

What if they vanish from the planet after getting your money?


This whole thing just sounds fishy to me.

You are jumping the gun a bit.
1. You have to be in the monthly room for 6 months to even qualify for the training and even then you might not be selected.
2. You could take the free trial and decide the calls don't suite your trading style and don't even join the monthly room.
3. You decide just to stick with the monthly room for the calls.

But once you are in the monthly room for sometime you will know who is who etc. Eventhough I'm based in Saudi Arabia and they are based in the US I had no hesitation in wiring the training fee because I had been in the monthly room for 2+ years and the head trader never gave me a reason to doubt his integrity. I don't know about others in the room but for me there was no contract drawn up. I had made some big losses since the close of the monthly room so frustrated I picked up the phone called the head trader and told him that I wanted to join the training asap, he gave me the wiring instructions and from the next day I was in the training room.
When I was in the monthly room only ES trades were called, I don't know about now, but in the training room position trades are called in bonds, gold, crude and natural gas. The training is applicable to all markets.

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  #16 (permalink)
 booker777 
Augusta, GA
 
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How easy has the training been? Is the philosphy difficult to learn. Can you perform as efficiently as the moderator? Cause the next question for me assuming its a good service is it easy to learn and do on your own.

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  #17 (permalink)
 JS12 
NY
 
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famed View Post
You are jumping the gun a bit.
1. You have to be in the monthly room for 6 months to even qualify for the training and even then you might not be selected.
2. You could take the free trial and decide the calls don't suite your trading style and don't even join the monthly room.
3. You decide just to stick with the monthly room for the calls.

But once you are in the monthly room for sometime you will know who is who etc. Eventhough I'm based in Saudi Arabia and they are based in the US I had no hesitation in wiring the training fee because I had been in the monthly room for 2+ years and the head trader never gave me a reason to doubt his integrity. I don't know about others in the room but for me there was no contract drawn up. I had made some big losses since the close of the monthly room so frustrated I picked up the phone called the head trader and told him that I wanted to join the training asap, he gave me the wiring instructions and from the next day I was in the training room.
When I was in the monthly room only ES trades were called, I don't know about now, but in the training room position trades are called in bonds, gold, crude and natural gas. The training is applicable to all markets.



@famed

What is the criteria for being selected for the training?

How successful are you right now with your trading?

I still don't understand how you could wire someone a large amount of money with no written agreement. This part would worry me.

Thanks.

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  #18 (permalink)
 famed 
Jeddah
 
Experience: Intermediate
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Broker: GFETC/ESignal
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booker777 View Post
How easy has the training been? Is the philosphy difficult to learn. Can you perform as efficiently as the moderator? Cause the next question for me assuming its a good service is it easy to learn and do on your own.

The training is an ongoing process and is very extensive, thorough and takes time to "get it" all. 1 on 1 classes are held after market close or later in the evening at a mutually convenient time but for me because of the time difference (MOC is just past midnight for me) I've had most classes on weekends so its just been like 15 classes so far but I've learned a fair bit. I can tell where most of the numbers come from etc. but I can't tell particularly well yet how the market is going to react at some of those numbers. I wouldn't be able perform as well as the moderator on my own, that is going to take some time...e.g. if he makes 8 calls during the day then on my own I would've seen 4 or 5 of those.

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  #19 (permalink)
 famed 
Jeddah
 
Experience: Intermediate
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Broker: GFETC/ESignal
Trading: ES
 
Posts: 14 since Nov 2009
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JS12 View Post
@ famed

What is the criteria for being selected for the training?

How successful are you right now with your trading?

I still don't understand how you could wire someone a large amount of money with no written agreement. This part would worry me.

Thanks.

The criteria for being selected is doing well in the monthly room. E.g. today we were selling the ES since the open for target 1348.50 and 1346.75 and 1345.25 was breakout for 1336.75-1334 with an interim target of 1339.75. What I used to do when I started in the monthly room and its the same mistake that most new traders to the room make is instead of selling into the targets I would buy in front of the targets hoping for a bounce from there and hoping to make a quick 1 to 2 points...this may work at times but today I would've gotten creamed. If that is the sort of mentality you have and stick to it then you won't be selected. This is what I do now: I sold some 1352 (higher orders weren't filled) and took profits .50 in front of the targets and attempted a buy at 1345.75 (small risk because 1345.25 was breakout and a little bounce was expected from there) got stopped out when 1345.25 broke and reversed to short 1344.75 for some and had higher orders working 1 and 2 points above the break out point that didn't get filled. Took profit on 2/3 at 1340.25 and final at 1337.25 and reversed to small buy from 1337 (stopped out for 2 points) and some from 1334.50 (took profit 1337.50) because no lower targets were given. Stop is 2 points from the number or less if you get filled at a better price. If you trade 12 lots the first hour then midday you cut it down to 3 lots and 6 lots for last hour.

I'm doing very well...the goal is to go home green everyday and I manage that almost everyday.
I had lost more than what a paid for the training and would have lost even more if I didn't join so it was a no-brainer for me. Besides, I was never pursued by them to take the training so it didn't seem that they were after my money...in fact I didn't even know there was a training room till they mentioned they were closing the monthly room so they could concentrate with the training room. And the only way I found out about them in the first place was when I asked my broker if he knew of any good signal service for the ES and he emailed me their link. Fortunately for me we shared the same broker.

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  #20 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
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Famed and anyone else still trading with this company can I ask for an update on your experience with them. I am on trial now for three days and trying to figure out their system. They don't really make calls per se in their training room just post the relevant numbers for us to use and then layout a general trading approach in their user guide which seems straight forward enough. However, they are not forthright with education nor do they take specific trading questions well which makes it hard to learn and grow. It is another white flag that they dont want to seem accountable for performance so if you dont mind sharing on your experiences would greatly appreciate it. I do think the numbers are relevant and want to give them benefit of the doubt. Tks

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  #21 (permalink)
 Maestro 
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
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I received an email today from Ninja Trader re. featured events for this weekend. The partner event will feature Leading Edge Trading. I use gmail and until I choose to display images all banners appear as text only. With images displayed there is a banner for Leading Edge Trading. Without the image the link appears as "Viper Trading Systems". Perhaps that info. will help anyone trying to evaluate this company.

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  #22 (permalink)
 Big Mike 
Site Administrator
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Manta, Ecuador
 
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Maestro View Post
I received an email today from Ninja Trader re. featured events for this weekend. The partner event will feature Leading Edge Trading. I use gmail and until I choose to display images all banners appear as text only. With images displayed there is a banner for Leading Edge Trading. Without the image the link appears as "Viper Trading Systems". Perhaps that info. will help anyone trying to evaluate this company.

If the email was sent from NinjaTrader, then that may be NinjaTrader's mistake -- and not necessarily imply anything other than that (left over from an old email template, for instance).

But in general terms of discussion, you are very right --- a lot of vendors have multiple "fronts", changing names and websites often. Obviously not a good reason to do this, but many bad reasons (for the customer).

Mike

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  #23 (permalink)
 elmatador1973 
la mirada
 
Experience: Intermediate
Platform: NijaTrader
Broker: Amp/CQG
Trading: Oil, Es
 
Posts: 8 since Feb 2011
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I joined the webinar today. It caught my attention with this line: "You're Doing It Wrong - Stop Using Indicators"
That got my attention. Though he really puts down the use of indicators, and if I recall correctly, I don't think he's very fond of PA either. At the end they ask you to join the free trial, which is extended to 2 weeks for those who attended webinar. And they did mention a silver and platinum room for those who want the training. I'm taking the trial, because I am curious. The use of numbers reminds me Bugs here who was also using numbers, without revealing source. I never really got to use them, but once. Then I realized my settings for murray math and tmft's midpoints gave me similar numbers, lol!

I'm not a big fan of using too many indicators either, but I love PA combined with the Murray Math lines and CCI divergence. I've already learned a profitable system using these few indicators, but the potential to profit without any indicators/PA has my curiosity tinglingI just don't like it when something sounds or appears too esoteric/mystical. Plus, the host said he has a 90+ success rate! We'll see. I'm going to give it a shot for 2 weeks and will let y'all know.

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  #24 (permalink)
 Maestro 
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 9 received


elmatador1973 View Post
I joined the webinar today. It caught my attention with this line: "You're Doing It Wrong - Stop Using Indicators"
That got my attention. Though he really puts down the use of indicators, and if I recall correctly, I don't think he's very fond of PA either. At the end they ask you to join the free trial, which is extended to 2 weeks for those who attended webinar. And they did mention a silver and platinum room for those who want the training. I'm taking the trial, because I am curious. The use of numbers reminds me Bugs here who was also using numbers, without revealing source. I never really got to use them, but once. Then I realized my settings for murray math and tmft's midpoints gave me similar numbers, lol!

I'm not a big fan of using too many indicators either, but I love PA combined with the Murray Math lines and CCI divergence. I've already learned a profitable system using these few indicators, but the potential to profit without any indicators/PA has my curiosity tinglingI just don't like it when something sounds or appears too esoteric/mystical. Plus, the host said he has a 90+ success rate! We'll see. I'm going to give it a shot for 2 weeks and will let y'all know.

Looking forward to hearing about your experience.

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  #25 (permalink)
 toulouse-lautrec 
Europe
 
Experience: Beginner
Platform: NinjaTrader
 
Posts: 73 since Jun 2009
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i got curious and took the free trial, however i have to say i wasn't in the room for very long, so you need to take this with a grain of salt.
My expectations were high, as they charge $299 / month for the regular membership.
You only get a chat room, no charts, no DOM. he says he does not use any kind of indicators.

There's a lot of "could... if... possible.... might do...". He says he is not calling any trades, just commenting the moves. However, he talks about levels which need to hold and where it might go to, and what his expectation is.
There were one or two people in the chat which were "amazed" by the "calls".

It was not clear to me where he would place his trades / get in and out. It would have been tough for me to place trades with confidence just based on the chat.

For me, to justify that kind of monthly expense the "calls" would have to be a bit more precise. It's a simple business decision really - how much do i have to put in / what's my risk / and how much can i get out of it.

again, i haven't been in the room for very long, and i am usually very skeptical when it comes to any kind of teaching / paid services in regards to trading. You may want to take the trial yourself and see if it helps you or not.

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  #26 (permalink)
 flipper26 
toronto, ontario/canada
 
Experience: Beginner
Platform: ninjatrader, mt4
Trading: TF, Currencies, ZS
 
Posts: 133 since Oct 2011

I attended the ninja webinar and the "salesperson" said you could have a 2 week trial, sign-up anytime, miss a day, etc - we are not hard to get along with. I did exactly that and commented on the sign-up page that I wouldn't be starting right away. I logged in and all was good for the first 2 days. On day 3, I got into the room in the morning but got kicked out in the afternoon and couldnt log back in because it said my membership had expired. If you went strictly by the sign-up day this would be correct but since I didnt start or login right away, I assumed i would have the full 2 weeks as promised during the ninja webinar. I emailed their admin person to try to get this resolved, and am still waiting to hear back.

It is hard to follow the first couple of days and you need to see all of the postings. They are pretty accomodating in reposting earlier posts with levels. Charts would be more helpful as well as clear direction. I do, however, understand what they are saying, if 1255 doesnt hold then we are going to 1240. For me thats a clear indication to get in and go short once it breaks below 1255. I dont need the trader saying click now. It does take some getting used to but the levels and market direction seemed to be pretty good.

Now if i can only get this 2 week trial stuff resolved. This will give me an insight into their responsiveness, customer service level and honesty/integrity. Will keep you posted.

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  #27 (permalink)
 Cloudy 
desert CA
 
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toulouse-lautrec View Post

There's a lot of "could... if... possible.... might do...". He says he is not calling any trades, just commenting the moves. However, he talks about levels which need to hold and where it might go to, and what his expectation is.
There were one or two people in the chat which were "amazed" by the "calls".

It was not clear to me where he would place his trades / get in and out. It would have been tough for me to place trades with confidence just based on the chat.

This kind of reminds me of Al Brooks room. Al talks about where it might go what percentages but he doesn't do specific calls and he does make it clear he doesn't do that nor is he a CTA. Sometimes his observations are brilliant, but it's tough to place trades based on just his chat too, similarly. Also you need to have read his book to fully understand everything he's saying.

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  #28 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Thanks: 203 given, 329 received

When the Head Trader refuses to give his name has to be a red flag. Is there any other possibility than he has something to hide? What kind of a past does he have? Just a question that seems fitting. HT does not show charts and he does not use audio commentary- just the dialogue box only.
He is overly narcissistic. "I know the market" "This is a Professional trading room" (apparently insinuating that other rooms are the equivalent to Romper Room) "This is the deep end of the pool" "Please do not try to read the Market for yourself (you have been trying to do that for years)" And of course there is the continual reminder that we are all lowly "Retail traders chasing the market" while he and his are "the true professional traders." These remarks and others like them are continually being peppered on the room all throughout the trading day.
As for his dialogue it is, a direct quote from today, "Market may shake this 24.50 break off and may still bounce so... lets say n[orth] of 33.25= prob[able] b/o for resumption of the higher bounce scenario we were on earlier... just the way it is" Translation: The market could go higher or the market could go lower. Others include: "1215 possible, maybe more" "outside chance of a spike" "cannot rule out one more pb just yet" "may not be... but should..." This is the convictional level of a professional trader to which all we lowly retail traders should ascribe to have [sarcasm is mine]. Then, when it moves, in any direction, that convictional level changes from possibility to certainty- Where he originally said, "it could do this" or "it might do that" becomes "I told you it was going to do this." Note the subtle change in the conviction level of his posts." While nobody knows what the market is going to do- to pat yourself on the back after expressing such flippant and ambiguous possibilities is questionable. I am not suggesting he should know. I am merely suggesting one should not change context and change certainty for the sole purpose of patting oneself on the back.
These are just some observations from his trading room- and please flipper26 don't ask about the holiday schedule again! lol Note: HT went off on flipper26 for several minutes when he asked if the room was closed on Friday and Monday after Thanksgiving. The response was very over the top unnecessary.

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  #29 (permalink)
 flipper26 
toronto, ontario/canada
 
Experience: Beginner
Platform: ninjatrader, mt4
Trading: TF, Currencies, ZS
 
Posts: 133 since Oct 2011

I've been in a number of trade rooms now and all are different in style and content. I don't have a problem with the guy not telling me his name. In plenty of the rooms I was told the person's name and it meant absolutely nothing to me. A number of them supposedly were professional traders who gave very specific buy/sell orders and they still had losing trade after losing trade. I've actually done well in the few days that I've been in the Leading Edge room - maybe just coincidence. He doesn't say buy now, sell now but when certain levels are comprised, that's when I've gone in. Oddly enough, the levels he speaks of are totally consistent with another email I get daily on the ES, from a completely different organization.
It is difficult to follow at first but this is not the only trade room that doesn't do audio, only chat. It is also not the only room that doesn't show charts.
You are correct, the guy is a bit difficult to take. He is very arrogant and can be downright rude. For me, I just ignore all that stuff and focus in on the numbers. I have my own charts going (with my indicators, etc) and use that in conjunction with whatever he posts. If I'm not comfortable with it, I don't take it.
I'm still on the free trial and will continue to take advantage of it until it expires. I try and take advantage of whatever free trials are available and use those to see what works and what I'd like to continue with.

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 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
Thanks: 257 given, 751 received

Good points flipper,

I take at least one trial a week; usually last from 5 minutes to a few days (I get bored trading on my own).

Of course I am using my own stuff but it is interesting to see if/when there is confluence.

Chat only rooms can be difficult. I recently trialed pivvot point method (1 full 5+hour session) and another room by indicatorwarehous.com for a few days.

I guess my concentration skills are lacking as I usually zone out for long periods of time and then turn the volume back on or open up the chat function.

I have tried and do like squawk, but I don't trade the ES and listening to the pit can be monotonous. Trialed another good trading girl (Ukraine?) from alphawavetrader.com and she is really clear and excellent; but she trades the ES with an inverted reward:risk ratio (which I don't believe in).

So yea, rooms are fun to try; however, in my experience of 25+ years of trading one really has to find one's own style and then honor that with ruthless discipline.

In the past I have done a few thousand trades and then changed my approach and kept repeating that. I decided now to use the same approach in many different time frames on various markets; and if I feel really bored to begin watching a new market and using my skills to find the optimal mutliple timeframes to locate good setups with proper risk parameters.

I am a night owl (East Coast Time Zone) so I would like to find another market to trade around midnight est. I sometimes trade 6S and 6E from 2:30am to 3:30am est for a quickie trade or two.

Well, I am rambling. But yea, I like trials. Something different and if it makes me angry I try and get banned right away with snide and challenging comments. lol Just sometimes if I am feeling funky.

peace

Hedvig

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 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Great feedback. If everyone taking their trial would keep us posted on your progress, i would appreciate it. I meant to continue with them for a month but got too busy with work and haven't done it yet. I had the same impressions of Aragorn's when i took the trial. if you have a good trading system and they very well might, it makes little sense not to make it user friendly. I was in the room and could follow at times i think but other times couldn't tell if we were buying or selling. The moderator did not want to clarify in the room very often. Even in the afterhours Q& A session where he did have voice, he refused to go through the day's trades on a chart when asked which makes little sense. It would take like 15 minutes at most and would have made a huge difference in clarifying their trading approach. I still give them the benefit of the doubt but i also think it will be hard for them to stay in business unless they change their attitude and approach. I also thought his constant ragging on the typical retail trader got old as well and ironic since thats basically their target market.

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  #32 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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This is a difficult room to report objectively on as I, personally, do not like the setup. As all comments are posted in written form I find I spend as much time looking at the chat box as I do looking at the market. I can tolerate it for now but don't know if I can sustain that type of communication.

IMO it is not a room for beginning traders or for traders with smaller accounts. There are often large distances between where he identifies the market could trade to. He has aggressive entries and conservative entries with several points in between. If you take the aggressive entry then you run the risk of it trading to the conservative entry losing money all the way. If you wait for the conservative entry then you miss the trade if it doesn't trade to that point. While he identifies himself as a pro I don't see how he is different from any other vendor. The market can do anything and therein lies the risk. He is not announcing any revelation that it could do otherwise. At some point you have to place your bet and take the risk.

His posts are always laced with alternative possibilities: "1232.50 is most aggr... otherwise the 1228.50" or
"warned you... ok... 1236 again...1238.50 poss 40.50...42... even 44 all back in the picture" or "if can get south of 1230.50 here= may be ok... and esp if can get south of 1226.25 again" or "1216.75 again... even 1222 no impossible (bounce)... just warning you!"

Anyone interested in taking the free trial needs to be thoroughly versed in the information on their website- especially the Use of Terms. Let me reiterate you should read and reread it several times as he will just refer you to it rather than answer questions in the chat box if the answer is in that section. Entry, Stops and Exits should be thoroughly understood as well as the other lingo he uses- he has a vocabulary that in some cases is all his own ie tsp= take some profit; n of Price= north of price level; s of price= south of price level- others are standard b/e; b/d; pb; mkt; EOD; etc.

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 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Anyone who was taking a trial with them or has signed up, any futher updates on how its going with this group?

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  #34 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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I could barely stomach his room when it was free. I surely wasn't about to spend money on it.

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  #35 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
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From Online Trader Central

Tuesday, April 17, 2012 5:30PM EDT we feature "Not Catching 20 Points a Day (on average) in the ES? We Can Help!" presented by HT - The Head Trader at Leading Edge Trading
----------------
Ha Ha!

I am thrilled to make 1% (trading size) on my margin per day on avg. month after month; and that is my initial risk for any trade.

I guess I should be making 20pts a day in ES!!!

Trading rooms suck. They should only be for entertainment only. One has to find their own way as a trader--either using a proven methodology that one has made his own from a good training source or figure it out on one's own using price action and perhaps a momentum and oscillator indicator.

peace

Hedvig

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  #36 (permalink)
 Gary 
Near Dallas, Texas, US
 
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researcher247 View Post
From Online Trader Central

Tuesday, April 17, 2012 5:30PM EDT we feature "Not Catching 20 Points a Day (on average) in the ES? We Can Help!" presented by HT - The Head Trader at Leading Edge Trading
----------------
Ha Ha!

I am thrilled to make 1% on my margin per day on avg. month after month; and that is my initial risk for any trade.

I guess I should be making 20pts a day in ES!!!

Trading rooms suck. They should only be for entertainment only. One has to find their own way as a trader--either using a proven methodology that one has made his own from a good training source or figure it out on one's own using price action and perhaps a momentum and oscillator indicator.

peace

Hedvig

Come on! Everyone is doing it! Why make only 20, when you can make.....(wait for it.......)...... 30 points a day!

I used to be a part of 1-2 rooms early on in my trading career. While I agree, it is mostly for entertainment, and one cannot follow someone else consistently, and make money for any decent period of time; I do believe you can get a new perspective or any number of ideas by looking at how someone else trades. This could be true of a trader who is making money, as well as one which is losing money. Looking at others for ideas is just one of many ways to help shape you into the trader you will eventually become, but only if you stick with it long enough. Yeah, I said it again, stick with it. But, to join a room which offers no trial, or doesn't allow you to do some Q&A, etc, it will probably be difficult to get real benefit from it. Just my .02.

Gary

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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 researcher247 
Chicago, IL
 
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Posts: 426 since Oct 2009
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Yea,

A good room that does NOT specifically call trades but trains/highlights etc... PROPER methodology (whatever it is) and trade management can be educational IF everyone is on the same page.

I trial a few every month if bored. I have been trading so damned long I usually bail in 5 minutes as I grow weary of the 'spiel.'

peace

Hedvig

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  #38 (permalink)
 makusan 
Long Beach, CA
 
Experience: Advanced
Platform: Sierra Chart
Trading: Futures
 
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Hope this is helpful.

Did the trail room recently. Yes, the attitude of HT is arrogant, and the fact is you are in a "TRIAL" room, and inevitably everyone wants to know what the methodology is and how to trade it NOW. That is not the purpose! It is to give you a idea of or "taste" of the meal. Your choice to buy the meal or not. Like any industry there is a vocabulary that you need to know and what exactly the meanings are. Let me say this, the point of Zen training is to detach from your attachments, all that baggage you bring with you. The job of the teacher is to get you to let go of what you think you know, so that you can "see" what is there. Same for trading, we bring all of our preconceived ideas, beliefs, notions, ideas, feelings, etc. , so you are blinded by all of that, and can not see anything new. It's what Mark Douglas points to regarding trading in the zone, being present without preconceived ideas. HT is doing the same. I'm Kinesthetic, so this chat only mode does not work for me. The other issue is that "HT" is the only person teaching/training, so if something was to happen to him, everyone is SOL. I too am not OK with this hiding thing. The admin person Michelle, if that is her real name can get testy too, as you will read.

A piece of the puzzle, is that HT uses rotational ranges, ie. we know that the ES moves in 2.5, 5, 10 pts +, so if you take a recent pivot low or low's and add those ranges you will get the targets above...not magic just simple math.

Funny how your are told that you don't know anything about trading, and yet in the trail room, you are asked if you have any questions. Well, if I don't know anything, and won't till I participate in the Silver room till I "get it", how can I possibly have any questions?! I was finally able to get some of my questions answered. see below

1. What exactly is taught at the Silver level?
2. Is it mandatory that a student stay in the Silver room for a min of 6 months, or is there some evaluation process that you have in place (please explain), to determine when a student is ready to transition to the next step? With that being said, and given this industry's slimy tactics, not to inform a student that maybe they are not trader material, just like not everyone is cut out to be a doctor, dentist, etc. How long does it take for you to determine that a person can be successful with your methodology or trading perspective or not?
3. In your experience what is the shortest period of time someone has signed on to the Silver and been invited to the Gold and or Platinum room?
4. Do you only have one HT for all rooms?
5. Does the monthly charge stay the same for the Gold and Platinum rooms? If not, then what is the price change. Note: In any business, if you do not know the cost of doing business then you will fail.
6. There are no brick & mortar addresses, or full names. I don't know you, and you are asking me to "blindly" extend my trust & $$, not going to happen.
7. Will the HT provide verifiable proof (Brokerage Statement) that he/she trades this way are profitable?

Note: her comment about my "wave" idea, was referring to the correlation of pro surfers, and trading. If you have to think about how to surf while surfing you will wipe out. The same goes for trading. There is a point in which you "know" what to do...so when the opportunity presents itself, you act, you don't think about it.
=====================================================
Admin Answers:

Let me start off by saying that I am very busy during the week and I do not usually have time to go back and forth with long emails..hence why I wanted to chat intra-day. It seems that waiting a day I get another email from you which proves my point

1. the "how" and "why' is not taught in the Silver Room. The goal of the Silver room is to get you in sync with HT's info so you can make money off the info that he give out each day. This is done by the meeting we have after the market closes on Tuesday evenings.
2. When you are interested in moving up to other levels, HT will give you a call to determine if you are a good fit for the training. If he does not think that you are able to "understand" the learning process, he will not take you as a student. He determines who he wants to train. It is his knowledge and he shares it with whom he would like.
3. We have had people move up to the Platinum in 2 weeks, some have moved up in 6 to 8 months, others have no desire to move up. They like the Silver Room and make money there. It is up to each traders preference if they are interested in moving forward and learning the "how" and "why"
4. he is only one HT in our rooms.
5.We do not go into detail as far as pricing and what is involved in the contract of the Gold and Platinum Rooms. There are a couple reasons for this. First, HT doesn’t take just anyone into training. We need to see what kind of trader you are and if you can process the knowledge that becomes available. Second, we would not want to move you right into training because there are some valuable lessons in the Silver and the time to get completely in sync with HT. It is not training that we throw a manual at you and say, “here you go..go for it”. It is an on-going commitment until you get it! Some people may never get it so we have to be careful not to waste anyone’s money, and our time. Thank you for understanding.
6. We do not ask for anything...the Silver Room is $299 a month...after that, there is no pressure to move on. If you do not trust us, then stay in the month to month for as long as you want. We dont want your money for the Gold and Platinum if that is how you feel.
7. We do not give you records.

You have no idea how much you do not know. You are wrong with your targets and your "wave" idea. I will now spend time on traders that are willing to change and make a profit instead of the demand for answers that you will not accept anyways.
Respectfully...namaste
Michelle-admin

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  #39 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
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makusan View Post
You have no idea how much you do not know. You are wrong with your targets and your "wave" idea. I will now spend time on traders that are willing to change and make a profit instead of the demand for answers that you will not accept anyways.
Respectfully...namaste
Michelle-admin

Woah, her last paragraph certainly wasn't respectful nor professional..

If admin can't even handle questions about the programs professionally , I wonder how they would cope with customer complaints on their programs..

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  #40 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Posts: 293 since Aug 2010
Thanks: 203 given, 329 received

The arrogance is astounding but not surprising. Anyone who sets themselves up as a guru where everyone has to walk around kissing their fanny is borderline narcissistic. No one is so much an expert that they can wield the claim to king of the world. Just because someone displays overconfidence in their own trading room is a far cry from making me want to jump on their bandwagon. I haven't seen anything to change my mind.

I've often wondered, if they're so great at their trading why do they need to market so aggressively? This is the second time within the last few months I remember them doing their webinar.

I'm sorry, but for an industry that is so filled with deception, that they hide behind “HT” is still sending warning lights off in my head. I've never been in a room where the moderator wouldn't give their name. Maybe some have but for me it's a red flag. And to have everything in text just adds more suspicion. If it looks like a duck, quacks like a duck and waddles like a duck well maybe...

I'm just saying if there is reason to be suspicious then be suspicious. There is a reason things are out of the ordinary. Question it.

People have a tendency of finding what they look for. Those who love him only see those things that support their belief in him. They switch from being objective to subjective because of the emotional hope they place in him. People who don't believe in him are more cynical and tend to see the issues. The truth is probably somewhere in between.

Your progress is not determined by you but by your being “chosen” or “approved” by them. This is retarded. I didn't know that I was supposed to be attempting to get in their good graces and rely on their mercies while having the “privilege” of paying them to so award me as well. That's narcissistic.

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  #41 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Posts: 293 since Aug 2010
Thanks: 203 given, 329 received

They're at it again! I just got another email from OTC that Leading Edge is doing yet another webinar. Desperate?

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  #42 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
Thanks: 153 given, 427 received

Who is OTC? I wouldn't mind seeing a webbie by this group to see what all the hoo-ha is about. Might be entertaining.

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  #43 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Who is OTC? I wouldn't mind seeing a webbie by this group to see what all the hoo-ha is about. Might be entertaining.

Sorry BeachTrader. I didn't check my email until today seeing there was a response to this thread. OTC stands for Online Traders Central.

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  #44 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Thanks @Aragorn. Don't see any event by theleadingedge listed. Did it already happen?

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  #45 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Posts: 293 since Aug 2010
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Unfortunately it was earlier this week. I deleted the notice. I should be pretty easy to get on OTCs mailing list. Leading Edge has been advertising pretty often

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  #46 (permalink)
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
 
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Posts: 293 since Aug 2010
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OK- Leading Edge is doing another webinar on OTC tomorrow at 5:30 EST

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  #47 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
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friends, i did find the posts on this thread helpful. beside the negativity and the criticl reflection on HT, i find the ongoing trial helpful and i have no intention of delving beyond the room calls to get the keys to the bank' vault.

some1 mentioned HT not providing bank statements, he claims to trade 100 lots and most of his client to trade big size. certainly, with the acuraacy of his calls the past week, i do not why one cannot load the boat. i for one have no time to waste and will simply mirror his es calls on the tf, closing confirming the trade with couple of indies and volume.

as regards his useless arrogance, i find this overly pretensious on his parts. he assumes all trialists r dumb and want to be sponfed. obviously, with the technology available, he should be able to speak to all rooms simultaneusly. i seens guys having an advanced oil room and standard room for futures. his typing could be reduced. he claims to be babysitting 164 traders and dishing his calls.

overall, i tend to agree with our hero Livermore. one's u have an opinion, u express it concretely by putting your cash in a position.

i definitely would want to go silver and despite his cockiness about tf, would simply mirror calls on tf

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  #48 (permalink)
 toulouse-lautrec 
Europe
 
Experience: Beginner
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nqcruiser, are you saying he is making calls?
when i was in the trial i did not find him making calls per se, and he even said himself that he's not making calls - "just commenting on the market" - which i found to be a fitting description.
the only thing i saw was a lot of "could ... would .... might go there... or even there....".
sorry, but that is certainly not worth $299/m to me.
i'd happily pay double for proper calls and dont really care for attitude, arrogance, foul talk, bad breath.... i just care for the opportunity to make some money.

since you seem to be a subscriber, would you mind making a recording of a simple real time chart alongside his chat (as long as you're not violating any agreements of course)? i cant be bothered to take another trial but would be interested to see if things might be different now.... cheers

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  #49 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
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NQcruiser, i also would be interested in getting updates on your progress with this group. Please keep us posted and good luck.

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  #50 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
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I agree with toulouse-lautrec. I did his free trial and he did not make calls when I was there. He would list levels, some of them only a few ticks apart. I really got nothing out of it. It is just typing in a text box, no audio, no charts. I would not go back.

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  #51 (permalink)
 kginsberg 
Long Island, New York, USA
 
Experience: Advanced
Platform: Sierra Chart, NinJaTrader, MT4
Broker: Interactive Brokers, DTN IQFeed
Trading: Futures, equity and index options, forex
 
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As an update to this thread, for anyone interested, I just sat through 3 [free trial room] days of this HT's insults, arrogance and general holier than thou attitude. I wouldn't mind it if it seemed like he was actually capable of helping me make money.
His "calls" are on the order of.. "1629.50/.25 is pullback level, but it may make it down to 1623/.25." Now when he reviews his calls later on and the next morning, even though there was no way to know which of those levels we should be rebuying at, he always chooses the one that got tapped as the one he called and thus made money on.
If you should have the temerity to ask a question in the room when something he says might be unclear to you, be prepared for a barrage of insults and a tirade on how you are a no-nothing retail trader and never actually get an answer to your question, since that would make him need to "stick" to that later on when he reviews things.
My advice, take the free trial room if you want to, but I cannot see any way a person could make any money with his non-call calls.
Just MHO of course, but Caveat Emptor.

Ken

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  #52 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
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I thought they were getting a new moderator for the regular chat room to interpret HT's calls. Was he not in there during your trial?

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  #53 (permalink)
 kginsberg 
Long Island, New York, USA
 
Experience: Advanced
Platform: Sierra Chart, NinJaTrader, MT4
Broker: Interactive Brokers, DTN IQFeed
Trading: Futures, equity and index options, forex
 
Posts: 5 since Aug 2010
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booker777 View Post
I thought they were getting a new moderator for the regular chat room to interpret HT's calls. Was he not in there during your trial?

Moderator B was in the room with us, and the extent of his involvement was to correct typos that HT had made.

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 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
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lol, ok tks for the update. I think I found his identity. Hes had a previous site before but I guess I will respect his right to privacy although he didnt respect mine. He blared my name out in the chat room during his weekly Q&A session one time. There is a reason we sign up with nicknames in the room.

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  #55 (permalink)
 entregens 
Magog, Québec, Canada
 
Experience: Intermediate
Platform: Ninja, Meta Trader 4
Trading: ES,CL,6E
 
Posts: 6 since May 2013
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I took the free trial and based on what I have seen I bought the silver room. I don't care about the HT's behaviors if he can bring an edge to my trading and help me to make money.

It is a very different type of approach with the objective to be in sync with the market. At the beginning of the day he sets levels to watch as possible targets, breakouts and breakdowns and scenarios. What kind of day we can expect trending of range bound. And depending of how the market behave you have to be ready to change your mind to adjust to the current conditions. All day long HT is posting, when he judges relevant, what you should anticipate as the market direction and strength.

How he does that? I don't know and this is not important at this stage. The focus is does it works and How can i use his posts in my trading.

Some of the participants in the trading room are in awe with his calls. He doesn't accept other's comments on the market pretending that can be confusing and misleading. He doesn't rely on indicators and technical analysis because of the lag you are always too late in your trades.

Is it the real deal? I don't know but I have been impressed enough to give it a try with an open mind. After a month or 2, I think I will have my answer.

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 booker777 
Augusta, GA
 
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Good. If you would post your experience here. At the end of the day I think his behavior is secondary as well and I am willing to give them the benefit of the doubt. I just haven't been able to find anyone who has confirmed that they are making money with his approach. There have been a couple on here supporting him early in their experiences with him but have not come back to update us later. Every other testimony I see is negative. IF you would let us know your progress, it would be much appreciated.

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  #57 (permalink)
 entregens 
Magog, Québec, Canada
 
Experience: Intermediate
Platform: Ninja, Meta Trader 4
Trading: ES,CL,6E
 
Posts: 6 since May 2013
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booker777 View Post
Good. If you would post your experience here. At the end of the day I think his behavior is secondary as well and I am willing to give them the benefit of the doubt. I just haven't been able to find anyone who has confirmed that they are making money with his approach. There have been a couple on here supporting him early in their experiences with him but have not come back to update us later. Every other testimony I see is negative. IF you would let us know your progress, it would be much appreciated.

It is my intention to share my experience. It is sad that early supporters did not comment later on. This thing said, in general, peoples are more inclined to report when they are not satisfied and any method has to fit your trader's personnality. I'm still working to find the best fit and I'm attracted by the capacity to see the market as it is because I believe that it is risquier to try to predict.

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  #58 (permalink)
 kginsberg 
Long Island, New York, USA
 
Experience: Advanced
Platform: Sierra Chart, NinJaTrader, MT4
Broker: Interactive Brokers, DTN IQFeed
Trading: Futures, equity and index options, forex
 
Posts: 5 since Aug 2010
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I am glad that you seem to have found value in HT's room. As I mentioned, his "calls", at least for me, were difficult at best to feel that I understood what he was attempting to tell us. The if, could, maybe levels he puts out, although in reality probably the best anyone could truly hope for since the market does what the market does, did not seem to allow me to find any level of an "edge" in figuring out what the market could give me.

One more specific question for you though. You state in your review that he does not use any technical analysis or indicators to do whatever it is that he does. How do you know that to be the case? Simply because he says so? Being a text only chat room, he never shares his charts, and simply states over and over again that he somehow deciphers what is happening through other means. Again, how do you know that to be the case?

Good luck in the Silver Room, and you are correct in stating that if it works that is all that matters, until HT either gets on a bus, gets hit by a bus, or the Feds put him out of business. [Not that I am claiming I have any knowledge of wrongdoing on his part].

Best,

ken



entregens View Post
I took the free trial and based on what I have seen I bought the silver room. I don't care about the HT's behaviors if he can bring an edge to my trading and help me to make money.

It is a very different type of approach with the objective to be in sync with the market. At the beginning of the day he sets levels to watch as possible targets, breakouts and breakdowns and scenarios. What kind of day we can expect trending of range bound. And depending of how the market behave you have to be ready to change your mind to adjust to the current conditions. All day long HT is posting, when he judges relevant, what you should anticipate as the market direction and strength.

How he does that? I don't know and this is not important at this stage. The focus is does it works and How can i use his posts in my trading.

Some of the participants in the trading room are in awe with his calls. He doesn't accept other's comments on the market pretending that can be confusing and misleading. He doesn't rely on indicators and technical analysis because of the lag you are always too late in your trades.

Is it the real deal? I don't know but I have been impressed enough to give it a try with an open mind. After a month or 2, I think I will have my answer.


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  #59 (permalink)
 entregens 
Magog, Québec, Canada
 
Experience: Intermediate
Platform: Ninja, Meta Trader 4
Trading: ES,CL,6E
 
Posts: 6 since May 2013
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kginsberg View Post
I am glad that you seem to have found value in HT's room. As I mentioned, his "calls", at least for me, were difficult at best to feel that I understood what he was attempting to tell us. The if, could, maybe levels he puts out, although in reality probably the best anyone could truly hope for since the market does what the market does, did not seem to allow me to find any level of an "edge" in figuring out what the market could give me.

One more specific question for you though. You state in your review that he does not use any technical analysis or indicators to do whatever it is that he does. How do you know that to be the case? Simply because he says so? Being a text only chat room, he never shares his charts, and simply states over and over again that he somehow deciphers what is happening through other means. Again, how do you know that to be the case?

Good luck in the Silver Room, and you are correct in stating that if it works that is all that matters, until HT either gets on a bus, gets hit by a bus, or the Feds put him out of business. [Not that I am claiming I have any knowledge of wrongdoing on his part].

Best,

ken


Hello,

To answer your question, yes I have no certainty, it is what he was telling and again at this stage it doesn't matter for me. I think his method (posts) needs to be complemented by the different tactics defined on the web site (entry and exits aggressive vs conservative,etc) and the weekly voice chats. I have been impressed by the accuracy of the predicted levels reached. He is not always right and when he is not, you close the trade near to break even most of the time.

Will I be able to make money with his market information, I don't know yet. I'm used to trade with inndicators and he is trading with a plain 5 minutes chart and as you know as long as you are not confident enough to trade with discipline you are better to stay out. Is it the real deal? will see.

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  #60 (permalink)
 kginsberg 
Long Island, New York, USA
 
Experience: Advanced
Platform: Sierra Chart, NinJaTrader, MT4
Broker: Interactive Brokers, DTN IQFeed
Trading: Futures, equity and index options, forex
 
Posts: 5 since Aug 2010
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entregens View Post
Hello,

To answer your question, yes I have no certainty, it is what he was telling and again at this stage it doesn't matter for me. I think his method (posts) needs to be complemented by the different tactics defined on the web site (entry and exits aggressive vs conservative,etc) and the weekly voice chats. I have been impressed by the accuracy of the predicted levels reached. He is not always right and when he is not, you close the trade near to break even most of the time.

Will I be able to make money with his market information, I don't know yet. I'm used to trade with inndicators and he is trading with a plain 5 minutes chart and as you know as long as you are not confident enough to trade with discipline you are better to stay out. Is it the real deal? will see.

I wish you the best of luck. My negative feelings in no way mean I hope for anyones failure in his room. To the contrary, I would hope you come back here in a month or 2 and confirm for us how you are doing with HT. I would love to hear of your success, which in turn might give me an incentive to try with HT once again.

Once again, best of trading to you, and please come back with updates as you have more time and experience with this.

Ken

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  #61 (permalink)
 Otterly 
Zurich, Switzerland
 
Experience: Intermediate
Platform: Ninja, CTS, TOS
Trading: ES, TF, CL, NQ, GC
 
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"HT" has a very strange way of "calling the market". He gives levels above current price, and levels below, and which ever hits he finally says "tsp" (take some profit). Some of the levels have a few ticks between them, they are generally very close to current market price, unless the market moves somewhat, then he just posts more levels close to that current market price.

He says he trades 100+ contracts a go, highly unlikely and impossible to believe coming from someone that can´t even communicate simple instruction and/or direction about his posts. Maybe he is just an incredibly gifted trader and sees things no-one else can understand, I don´t know, what I do know is that until he says TSP I have no idea what he is communicating because in reality it could have been either way from when the post was made.

Terminology is easy to understand, and the levels are all given in advance, that is true.

The room is boring as no-one interacts.

If anyone is having success with this room and their "method" I would be very happy for you to prove me otherwise and teach me how to follow along with what should be simple to read and understand commentary.

I don´t expect anyone to teach things for free during a free trial, but if they are giving levels and they expect trial members to see and appreciate what they are doing, then you should be able to understand what is being said and at the least, which direction the trader is focussing.

The 2 week trial basically shows you that the market moves towards and through both upper and lower levels that he posts (well of course it does) - Not sure why anyone would think its amazing or enlightening in any way. I would however love to be proven wrong, because if he is doing in real time what he says in hindsight that he did do, then the guy is making many millions per year, on tap.

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  #62 (permalink)
 kginsberg 
Long Island, New York, USA
 
Experience: Advanced
Platform: Sierra Chart, NinJaTrader, MT4
Broker: Interactive Brokers, DTN IQFeed
Trading: Futures, equity and index options, forex
 
Posts: 5 since Aug 2010
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entregens View Post
It is my intention to share my experience. It is sad that early supporters did not comment later on. This thing said, in general, peoples are more inclined to report when they are not satisfied and any method has to fit your trader's personnality. I'm still working to find the best fit and I'm attracted by the capacity to see the market as it is because I believe that it is risquier to try to predict.

entregens:

I am wondering if you could possibly comment on your ongoing experience now that quite a few months have passed.

Hopefully you will tell us how the money has been rolling in, thus giving me an incentive to go back and try again!

Best trading,

Ken

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  #63 (permalink)
 makusan 
Long Beach, CA
 
Experience: Advanced
Platform: Sierra Chart
Trading: Futures
 
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entregens View Post
Is it the real deal? I don't know but I have been impressed enough to give it a try with an open mind. After a month or 2, I think I will have my answer.

It has been 5 months since your post. It would be nice if you would take a few minutes and provide an update to the folks here, as to your experience so far.

I have considered signing onto the Silver Room, and would like to know if you have learned to trade? Since HT clearly states that NO one seems to know how to trade but him, and his followers.

Respectfully

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  #64 (permalink)
 entregens 
Magog, Québec, Canada
 
Experience: Intermediate
Platform: Ninja, Meta Trader 4
Trading: ES,CL,6E
 
Posts: 6 since May 2013
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I have nothing negative to say other than I did not see a fit with me. For many people in the room the head trader looks like a Guru. But, I don't feel comfortable with his approach (my way or the highway). He is difficult to follow and you have to believe that he knows what the ES market will do but It could change on a dime and you have to be ready too and there is always so many possibilties that he can always tell you that he was right. So bottom line I was not confident that I could learn to make money day trading with leading edge.

Hope it helps

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  #65 (permalink)
kriedd
spokane, wa
 
 
Posts: 37 since Jan 2014
Thanks: 2 given, 13 received

This is the worst room I have ever been in. The moderator is extremely vague - and rude and downright hostile when you ask clarification questions. The only thing he teachers is "how to take notes" which is just ridiculous. He also doesn't like stops. I have been in a lot of rooms and I think this guy is a huge scammer.

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  #66 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
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kriedd View Post
This is the worst room I have ever been in. The moderator is extremely vague - and rude and downright hostile when you ask clarification questions. The only thing he teachers is "how to take notes" which is just ridiculous. He also doesn't like stops. I have been in a lot of rooms and I think this guy is a huge scammer.

Very true! i tried the free trial and the silver room for a month. It's basically just trading off just about every support/resistance level there is(including the ones created intraday).

You take a trade at every level. some work, some don't.

I didn't really care for it because there were a lot of levels that didn't work and he'd never address that fact.

The guy is really abusive too. you could kinda tell that members that had been there a while were suffering from Stockhom syndrome.

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  #67 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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kriedd View Post
This is the worst room I have ever been in. The moderator is extremely vague - and rude and downright hostile when you ask clarification questions. The only thing he teachers is "how to take notes" which is just ridiculous. He also doesn't like stops. I have been in a lot of rooms and I think this guy is a huge scammer.

Totally agree about the room. I only lasted a couple of hours in his room. No charts, no voice, no explanation. Worst room I have ever been in.

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  #68 (permalink)
 ironman07 
Kansas City Mo.
 
Experience: Intermediate
Platform: Tradestation
Broker: tradestation
Trading: es
 
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Posts: 47 since Dec 2009
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Saw your posting Beach trader and sorry you had to endure this scam. From what i gather this is a manifestation of the the original Kingfish scam which was picked up by Ace trades. the vague levels and screaming at questions sounds almost identical.

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  #69 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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ironman07 View Post
Saw your posting Beach trader and sorry you had to endure this scam. From what i gather this is a manifestation of the the original Kingfish scam which was picked up by Ace trades. the vague levels and screaming at questions sounds almost identical.

Yes I also thought the Ace Trade room was ridiculous and and total waste of time. At least I never spent any money on these rooms.

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  #70 (permalink)
 Arby 
Minneapolis, Minnesota
 
 
Posts: 15 since Jul 2013

I am in what is called the Silver Room at leadingedgetrading, where we trade the ES on a 5 minute chart. Here is my experience so far. HT is very good at posting accurate numbers in advance (many of the numbers are posted around 8:00 ET). It took me longer to get in sync than I suspected at the outset. He is very good at letting you know where the market is going, from where to where and what will change your mind, so it was frustrating that it took me as long as it did to get in sync with what he was posting. I think that can be a somewhat common experience, depending on how quickly you can let go of how you traded prior to entering the room. However, once you get in sync with his posts it more than makes up for the frustration.

Some people pick this up very quickly. It took me longer than some, and I will share what helped me to get in sync - it may or may not apply to others.

At first it appears HT is posting numbers for simultaneous upside and downside trades - sometimes that is the case because some traders in the room are trading multiple accounts and can be long in a primary direction and scalping a short as those opportunities arise. Generally though, by looking at his posted numbers and the surrounding posts you can tell the primary direction (if there is one). Often the posts are accurate to the tick, but not always. And of course there times when we lose on trades.

Here is what helped me turn a corner with HT (this assumes you have some concept of the chat room):
1) I was too analytical - when I took a macro view of what HT was saying my trading improved greatly (I am analytical by nature and my default is to zoom in, taking a higher view fixed that). This was probably my biggest "aha" moment.

2) Daily doing the notepad as suggested (you can find about a dozen leadingedgetrading videos on Youtube - including one on notepad).

3) HT has an assistant called Moderator B, and "Mod B" posts charts on the website showing lines reflecting numbers HT posted that day (later that night or at worst a few days later), where Mod B entered long and where he entered short, where his exits were and a few other things. After the trading day is over I mark Mod B's entries and exits on my chart and on my notepad.

4) HT recaps the previous trading day at the very beginning of the chat session (the chat goes from 7:00 ET through 16:15 ET and it is all text, not voice). I mark HT's recap on the appropriate day in my notepad and on the chart for that day.

5) I compared my entries / exits with Mod B's entries and exits, and focused on what numbers HT emphasized on his recap of that day.

6) HT offers two voice chats per week, typically 16:30 ET to 17:30 ET on Tuesdays and Wednesdays. In these Mod B explains each of his entries for the day. HT takes questions as well. There are times HT answers questions in a strong manner and sometimes it goes easier than that. Even though I sometimes got strongly worded answers I decided to ask questions anyway, because the main thing is getting what the market offers every day and I needed questions answered to do that. So the voice chats also helped me. Clearly there are people who are not asking questions because they are afraid of a strongly worded answer, but you will be better off if you ask anyway.

The problem for the new person is that HT is posting for a widely varied audience - there are professional traders in the chat room along with people coming in fresh from the Free Trial Room. So some posts have more meaning for professional traders but have little meaning to new people. It can be quickly overcome, but you do need to be aware of that.

The Silver Room costs $299 a month, which loosely comes to about a tick per day. You can make a good number of points trading a single contract, but if you trade multiple contracts you can stay in winning trades longer because you pare off 2/3 of your contracts at the first TSP (take some profit) post and you move your stop (by no means a tight stop) to break even and hold the remaining third for potentially more profit per subsequent posts. There is never any pressure to upgrade to Platinum level (I don't believe the Gold Room is open for newcomers any more) and in fact you have to pass an interview with HT to be accepted into Platinum, which is not a given. For now I am in Silver.

Using this chat room you can routinely get what to me is a surprising number of points per day, though it does vary by day. As mentioned, you get more points per trade (from an X to Y perspective) when you have more contracts because you can stay in winning trades longer.

I am not sure what people might want to know, so please feel free to ask - I will answer as best as I can with the experience I have at the moment, I still have more to learn. I am new to using Big Mike's so I might not think to check for questions as often as I should, but I will try to remember. I hope this helps someone!

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  #71 (permalink)
 Big Mike 
Site Administrator
Swing Trader
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Manta, Ecuador
 
Experience: Advanced
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@Arby what is your affiliation with this vendor? I noticed your goal on futures.io (formerly BMT) was to post this, it reads like an advertisement not a review.

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  #72 (permalink)
 Arby 
Minneapolis, Minnesota
 
 
Posts: 15 since Jul 2013


Big Mike View Post
@Arby what is your affiliation with this vendor? I noticed your goal on futures.io (formerly BMT) was to post this, it reads like an advertisement not a review.

Sent from my LG Optimus G Pro

I am new here, so I am not very familiar with how things should be done here. I am a member of the Silver Room. I have no affiliation with leadingedgetrading, I don't know HT's name, and on several occasions I have been on the receiving end of several sharply worded corrections, one lasting 20 minutes, which bothered me for days. But in the bigger view I didn't care because I have never been in a place before where the numbers are called out ahead like here. I have traded for a long time and have not seen anything like this before.

I don't think HT is for everybody because he does respond strongly often, and oftentimes when you ask a question the answer doesn't seem to fit the question (it took me quite awhile to figure out why, which led to the "aha moment" I mentioned. I will say I respect the guy because he is very good at what he does and I don't think the strong responses are personal at all, it is just the cost of doing business at his site.

Over the years I have tried so many things, have introduced a fair number of people to trading, and have had a hand in people following Markay Latimer, Gary Williams (someone I am also excited about), and now HT. Several of my friends are with HT now.

I try to write things even handedly, positive or not so positive, because people are risking money and possibly their financial well being when entering the trading market. It didn't occur to me that my review of HT sounded like I was associated with him because it did take me longer than many to learn how to do it right, I have been talked to sternly on several occasion, etc. When I first joined your site I was hoping to find out what others thought of this before I spent time and money on it. Now that I have spent the time and money I thought I would let people know what I found helpful in decoding HT (sometimes you think he is saying one thing and he is actually saying another).

I am way more happy with him than not. I can drop from this thread if I am not doing this right, I mostly wanted to give the kind of help that I wish someone would have given me earlier.

Thanks so much for this site, it looks like it took a huge effort and it is very well thought out. If you have any more questions I will do my best to answer them as straight forward as possible. Thank you!

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  #73 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 315 since Feb 2013
Thanks: 297 given, 156 received


Arby View Post
I am new here, so I am not very familiar with how things should be done here. I am a member of the Silver Room. I have no affiliation with leadingedgetrading, I don't know HT's name, and on several occasions I have been on the receiving end of several sharply worded corrections, one lasting 20 minutes, which bothered me for days. But in the bigger view I didn't care because I have never been in a place before where the numbers are called out ahead like here. I have traded for a long time and have not seen anything like this before.

I don't think HT is for everybody because he does respond strongly often, and oftentimes when you ask a question the answer doesn't seem to fit the question (it took me quite awhile to figure out why, which led to the "aha moment" I mentioned. I will say I respect the guy because he is very good at what he does and I don't think the strong responses are personal at all, it is just the cost of doing business at his site.

Over the years I have tried so many things, have introduced a fair number of people to trading, and have had a hand in people following Markay Latimer, Gary Williams (someone I am also excited about), and now HT. Several of my friends are with HT now.

I try to write things even handedly, positive or not so positive, because people are risking money and possibly their financial well being when entering the trading market. It didn't occur to me that my review of HT sounded like I was associated with him because it did take me longer than many to learn how to do it right, I have been talked to sternly on several occasion, etc. When I first joined your site I was hoping to find out what others thought of this before I spent time and money on it. Now that I have spent the time and money I thought I would let people know what I found helpful in decoding HT (sometimes you think he is saying one thing and he is actually saying another).

I am way more happy with him than not. I can drop from this thread if I am not doing this right, I mostly wanted to give the kind of help that I wish someone would have given me earlier.

Thanks so much for this site, it looks like it took a huge effort and it is very well thought out. If you have any more questions I will do my best to answer them as straight forward as possible. Thank you!

I'm glad its working for you. He wasn't for me but I've found a method and room that suits me and I'm happy with it.

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  #74 (permalink)
 Big Mike 
Site Administrator
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Manta, Ecuador
 
Experience: Advanced
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@Arby,

So in November your first post on futures.io (formerly BMT) was about this site:



You said you were looking for reviews about it.

Then yesterday you made 9 more posts in various random threads so that you could make your "review" post in the Vendor section (requires 10 posts). It was obvious that you were posting in those other threads only because you needed to increase your post count in order to post your review.

So your objective was to post the review. A review that reads more like an advertisement than a review.

I've been doing this long enough that this type of behavior sticks out and seems obvious to me. You say you are not affiliated with the vendor. Sometimes when I ask, people are honest and say they are. Sometimes they lie and then I catch them in that lie. So I always ask first.

If you are truly just a new trader then I don't understand why you were so focused on writing a review about this vendor. I use the word "review" loosely because what you wrote is not typical of an actual review.

Mike

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  #75 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
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Big Mike View Post
@Arby,

So in November your first post on futures.io (formerly BMT) was about this site:



You said you were looking for reviews about it.

Then yesterday you made 9 more posts in various random threads so that you could make your "review" post in the Vendor section (requires 10 posts). It was obvious that you were posting in those other threads only because you needed to increase your post count in order to post your review.

So your objective was to post the review. A review that reads more like an advertisement than a review.

I've been doing this long enough that this type of behavior sticks out and seems obvious to me. You say you are not affiliated with the vendor. Sometimes when I ask, people are honest and say they are. Sometimes they lie and then I catch them in that lie. So I always ask first.

If you are truly just a new trader then I don't understand why you were so focused on writing a review about this vendor. I use the word "review" loosely because what you wrote is not typical of an actual review.

Mike

Reviews don't typically list exact prices or times of events.

Thank you for all you do @Big Mike, trying to keep the forum clean.

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  #76 (permalink)
 Arby 
Minneapolis, Minnesota
 
 
Posts: 15 since Jul 2013

If you want you can just take my post down. When I came here the first time I wanted to know if there was some success with this guy. The one guy I remember giving me hope was Famed, maybe another person. People kept saying they wished someone who had been in it awhile would post their story so people could have something to go on. I did not see anything in the thread that helped me at all, so I thought I would share what worked for me. It took me way too long to figure out how to do what HT was getting at, and I thought I could save someone some of that frustration. Since I posted some things that were less than flattering it did not occur to me that this sounded like I had anything to gain from it. I shared my honest feelings. I suspect I have now stepped in something unaware, and kind of wish I had not. I have helped traders over the years because I know how painful the learning process is. I was hoping to do the same here. Please feel free to do with my post what you wish, I only wanted to help.

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  #77 (permalink)
 Sk8ter 
Beaverton, Canada
 
Experience: Beginner
Platform: Ninjatrader
Trading: Currency Futures
 
Posts: 135 since Dec 2012
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RickW00716 View Post
I'm glad its working for you. He wasn't for me but I've found a method and room that suits me and I'm happy with it.

@RickW00716, are you willing to name the room/method? There are so many out there and I've tried alot but haven't found anything that really works for me so would appreciate your input. thanks

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  #78 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 315 since Feb 2013
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Sk8ter View Post
@RickW00716, are you willing to name the room/method? There are so many out there and I've tried alot but haven't found anything that really works for me so would appreciate your input. thanks

I can tell you but he just finished a trading class and probably won't accept any new people until next year possibly.

It's JPJ trading.com. Setups based on market profile and order flow rechniques. It fits my personality very well and I've learned a lot.

I've seen some negative reviews here but it has not been my experience.

PS. I have no financial affiliation with him or his company.

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  #79 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Arby, I for one appreciate your input as we have been asking for months for someone like yourself to share their experience. I wouldn't mind knowing more about your success if you don't mind sharing it like how consistent you are with this approach, how many trade setups there are and trade management, etc. HT like many vendors here have a horrible reputation and most of the time i think it is well deserved. If he is not a scam then he must be the best trader ever because before the NFA made their website change their advertising claims, he was going around saying that he makes 20-30 ES points a day or something outrageous like that. He also exhibits too many of the same faults that other notable scam artists display like vagueness, arrogance, rudeness, unwillingness to help traders and a refusal to prove his approach when asked. You know this of course. It certainly seems obvious that he does not enjoy his teaching capacity, so why is he there if he is such a legendary trader? If i made 20-30 points per contract per day, I might not even participate on this board as great as it is let alone moderate multiple chat rooms.

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  #80 (permalink)
 Arby 
Minneapolis, Minnesota
 
 
Posts: 15 since Jul 2013

booker777,
I will do my best to explain the pluses and minuses of trading on this site - there are both. My enthusiasm has brought my neutrality into question so I thank you for asking, I came back to see if there were any questions and I might not have come back after today if I hadn't seen yours.

It took me a long time to figure out how best to respond to HT's posts (only text). Being analytical made things tougher for me than needed be. My breakthrough came when I decided to take a bird's eye view instead of trying to analyze the posts at a deeper level.

Depending on your definition of trade setups - that is a word that would that would bring a lecture on - because by HT's definition he doesn't do that. He gives numbers in advance so we don't wait for things to "set up". That being said, the number of entries vary day by day, and by experience level. For example, yesterday (June 4) I had 8 entries, usually there are more than that but the market went sideways for much of the afternoon. More advanced traders would have done more - I just stick to explicit posts, at least for now. Yesterday's posts were easy to follow and the most a trade went against me yesterday was 3 ticks, but there are other days where we have many "take offs" - I typically lose 5 ticks or so a piece on those. Not sure how much you want to know, but HT often offers several potential entry points on the way to a target - these are typically a "most aggressive entry", an "aggressive entry" and a "conservative entry". I almost always start with the "most aggressive" and if I take that one off then I take the "aggressive entry" and if I take that off then I go with the "conservative entry". Typically "most aggressive" is the one that gets me to the target posted, but if not it results in a take off. The worst case would be two take offs for a given target. Not sure if that answered your question so if not just let me know and I will see if I can do better next time. Once you know how to get in sync with the posts (however long that may take) you should be green every day, but some people are red often until they get to that point.

I am not sure what you mean by trade management, so I will answer what I think you might be asking. We are not supposed to have tight stops. HT recommends having a stop 3 or more points out - he calls that a "catastrophic stop" and says it should be hit at most once or twice a year. I haven't seen a catastrophic stop hit yet but I haven't been in the room that long yet. He says if you can click a mouse to get in a trade you can click to get out - he wants you to exit on your own, not be forced by a stop. That being said, he wants you to only risk a point or so on a trade, an absolute max of two points (I never would risk that much personally, I vary from 4-6 ticks depending on market conditions). If that is not what you were asking again, please let me know. My only goal here in the first place was to try to help people not take as long as it took me to figure things out.

As for bad rep, I can see why people get upset with strongly worded responses - I have had my share as well. For some time I thought I must not be wording my questions well, it seemed like if my question could be taken wrong it would be. My breakthrough came as I mentioned before when I took a bird's eye view of what the posts were saying, and not trying to read so much into them. The posts did seem vague at first but they seldom seem vague to me now, again that came from taking a higher view. One thing I had to realize was is that he is talking to a wide variety of experience in the room, and some posts apply to people more experienced than me. He often uses phrases like "could be" and "possible" - I almost don't "see" those anymore, they show up often. I respond based on posted numbers and his explanations of market conditions. However, if you are new to the room I can see why it looks like hedging. After a bit you will scarcely notice them.

I don't know what the NFA is, I assume it serves some watchdog purpose. As for getting large number of points per day, that is true with this caveat: if you are trading a single lot (and that is all you should trade once you are ready to begin trading real money in this room) there are those days when you have a larger number of take offs. On many of the winning trades in this room there are multiple targets that allow you to get those large number of points. However, with a single lot you run out of bullets at the first target and you are done until a new entry becomes available. Meanwhile, those trading more lots are adding points as long as the subsequent targets are hit (they aren't always). So if you had two take offs and the hit the first target, you could still be red while others would be green. Trading a single lot is by far the most challenging amount to trade in this room, but it is where you need to start.

There are plenty of people who would consider him rude. For some reason (except on one occasion) it does not bother me. I know it is not personal, he doesn't even know me - I just want to win and I can do that here. Hopefully I addressed the vagueness issue above, if not just hit me up again.

I am not sure what you meant about participating on this board, but if you were wondering why I posted here it was because when I came here looking for help I mostly saw many complaints and people either saying they suspected it was bad or other people saying they were going take the plunge and would let us know but I didn't see that anyone did. I remember a guy named Famed saying he put big money down to get the actual teaching (I haven't done that yet, so I can react to the posts but I don't know how they are generated) - Famed was the only one I recall offhand that gave me much hope. So I finally came back after many months to be the guy that actually could share something, not realizing the response I would get. Unless there are more questions or I thought there was a way I could make a meaningful difference I likely will not be in here much, if at all. futures.io (formerly BMT) appears to be very well thought out and I imagine it helps a great many people, but whether or not what I have to offer is valued I cannot tell. Anyway, I will check back at some point to see if you have any further questions. The best way to see if HT can post accurate numbers in advance is to take the two week free trial - if he posts accurate numbers in advance then you might consider doing more, if he doesn't then you can post something at futures.io (formerly BMT) indicating that. Either way, if you post your observations it might help others who have questions. Sorry for such a lengthy post, that probably isn't appropriate. I hope this helped.

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  #81 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 48 since Jun 2010
Thanks: 3 given, 19 received

like Tsunami, I put 5k in,, to who?

Hide the owner, red flag usually because they did this before and have to hide.

Moderator A, B.

Not sure how the room or calls are going, or what markets they trade, or if there is no voice, it would be interesting to get an update.

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  #82 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Arby, tks again for returning with your thoughts. It helps. If I might inquire further. The way I understand the system is he gives you levels above and below the market price for the day? When a number gets hit, it sets up a trade? For example a higher number gets hit then you buy looking for an even higher number? if price pulls back to a lower number, you short looking for a lower number? Is it that simple? I did do a trial before, while ago but it was really hard to follow along. His maybe's and possibly's were very confusing and it seemed he took credit on that vagueness. There were times when I could tell we were long or short and times I couldn't and that was not a question to ask. If you mind me asking are you saying you are profitable every day with his approach? Without getting too personal can you give me an idea what you avg per day in ticks. When I commented on participating in the room I was just asking the rhetorical question--why would anyone moderate a chat room and provide education when it doesn't seem he likes it and allegedly makes so much money trading. The joke was if I did that, I might not even spend my time on this board but tks again for your help. I reached out to Famed but got no response so not sure what he is doing but he did speak fondly of the service.

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  #83 (permalink)
 Arby 
Minneapolis, Minnesota
 
 
Posts: 15 since Jul 2013


booker777 View Post
Arby, tks again for returning with your thoughts. It helps. If I might inquire further. The way I understand the system is he gives you levels above and below the market price for the day? When a number gets hit, it sets up a trade? For example a higher number gets hit then you buy looking for an even higher number? if price pulls back to a lower number, you short looking for a lower number? Is it that simple? I did do a trial before, while ago but it was really hard to follow along. His maybe's and possibly's were very confusing and it seemed he took credit on that vagueness. There were times when I could tell we were long or short and times I couldn't and that was not a question to ask. If you mind me asking are you saying you are profitable every day with his approach? Without getting too personal can you give me an idea what you avg per day in ticks. When I commented on participating in the room I was just asking the rhetorical question--why would anyone moderate a chat room and provide education when it doesn't seem he likes it and allegedly makes so much money trading. The joke was if I did that, I might not even spend my time on this board but tks again for your help. I reached out to Famed but got no response so not sure what he is doing but he did speak fondly of the service.

Booker777,
levels posted in the room are relative to where the price is currently at. So if a level is posted that is above the current price that is either what is called a bounce target (meaning you could trade up to that level) or it would be a place to resell - it all depends on the surrounding posts and market conditions. Reverse is true if talking about posted levels below the current price. For example, if the current ES price is at 1930.25 and HT posts something like "1933.00 should be no problem, possibly 34.50 and outside chance of 47.50 later on" you would be looking for a place to enter long (based on surrounding posts) to get to the first target of 33. You do need to pay attention to the surrounding posts, because you might get a scalp opportunity or a pullback where you would try for the next higher target, which in this example would be 34.50, and so on. Hopefully that makes sense - it does take some getting used to but what I have found out is that overthinking in this room just makes the learning curve way too long. The objective is to get in sync with what is posted. There are some videos on Youtube that might help you understand better than I have explained. They are on the website as well, but I am not sure if you need to be a member to see them or not.

I don't even notice the "maybes" and "could be" any more, I notice the posted numbers and the surrounding posts. I often review after the fact how close to the posted number the price actually came - it is common to come within a tick or two on either side of the posted number. It is also common for people to enter / exit two ticks within the posted number to increase the likelihood you would get filled. This matters more once you are trading size. But anyway, don't let the "maybes" matter, they are invisible to me.

This will probably vary from person to person, but what helped me decode the posts was to review Moderator B's (Mod B for short) chart (this is how I learned how to get in sync with what is posted). Mod B shows his entries and exits for the day and I compare that against what was posted. Mod B puts that chart out for every day (though you often have to wait a day or two for it to show up on the website but at least we get it - I found it super helpful). At the beginning of each day HT recaps the previous trading day and I compare that recap against the posts as well. These two things helped me more than anything else. Once I got in sync with what is posted I was green every day. Trying to cherry pick which posts to use and which not to use led to red days. I now trade them all, and that was huge. No overthinking, just taking action.

I think HT does enjoy dong this but he does get frustrated with people who bring up their approach to trading and then he has to set them straight because if he doesn't counter it then other traders in the room might think his silence is approval - that seems to frustrate him. He says he has been doing this since '99. If you are interested I would recommend paying attention to the levels posted in advance and seeing if those levels are hit, what happens when those levels are hit - things like that. I wouldn't even bother trying to trade SIM during the free trial because then you are focused on how the trade is going instead of just seeing those two things - are numbers posted in advance hit and what happens when they are. If you see that numbers posted in advance are hit then it would be up to you if you thought you might want to do anything further.

Hopefully this answered some of your questions, but if it doesn't make sense just let me know and I will see if I can do better. I will check back here now and then to see if you have any questions. If you do look into this further it might be good for you to post your thoughts here about it, whether good or bad. It will make this thread worth more if you do.

Have a great day!
Arby

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  #84 (permalink)
 theprophe 
prague,czech republic
 
Experience: Intermediate
Platform: Irt,bookmap
Broker: Edgeclear
Trading: Mes
 
Posts: 41 since Nov 2010
Thanks: 47 given, 37 received

A lot of banned users in this thread, should tell you something about it

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  #85 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Arby tks again. Did I understand you right that Mod B posts his trades throughout the day or he posts them after the fact? tks

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  #86 (permalink)
kriedd
spokane, wa
 
 
Posts: 37 since Jan 2014
Thanks: 2 given, 13 received

I hate to see anyone waste money with this guy. He is such a scammer. Talks about "levels" and brags about his winners and downplays the winners. Also, is hostile to questions and obviously tries to intimidate people away from calling him on all the b.s.

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  #87 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 315 since Feb 2013
Thanks: 297 given, 156 received


kriedd View Post
I hate to see anyone waste money with this guy. He is such a scammer. Talks about "levels" and brags about his winners and downplays the winners. Also, is hostile to questions and obviously tries to intimidate people away from calling him on all the b.s.

I tried to reverse engineer the "levels" and they seemed to be simple support/resistance and levels of directional conviction. What bothered me in the room was there was no talk of protective stops...I have no problem placing a limit order at a level but there is no instruction of what to do if the level doesn't hold, and sometimes price just went thru the level without even pausing.

I like his views/opinions on trading psychology though.

He also says chart timeframe doesn't matter in selecting the levels and that he can generate the level from ANY timeframe chart...I don't know how he could do that.

The losers are downplayed like you said, too.

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